Intelligence lies on a spectrum. So does skill generality. Ergo, AGI is already here. Online discussions conflate AGI with ASI -- artificial superhuman intelligence, i.e. sci-fi agents capable of utopian/dystopian world domination. When misused this way, AGI becomes a crude binary which hasn't arrived. With this unearned latitude, people subsequently make meaningless predictions about when silicon deities will manifest. Six months, five years, two decades, etc.
In reality, your gut reaction is correct. We have turned general intelligence into a commodity. Any aspect of any situation, process, system, domain, etc. which was formerly starved of intelligence may now be supplied with it. The value unlock here is unspeakable. The possibilities are so vast that many of us fill with anxiety at the thought.